After a decade of service, Travelodge’s CEO Grant Hearn has announced his departure from the company.
Whilst a new CEO has not yet been announced, Hearn will remain in role until his replacement is found – Indeed, the Travelodge Board has already embarked upon an external search for a new CEO.
“Travelodge has been an integral part of my life over the past ten years and this has been an incredibly tough decision for me to make,” explained Hearn.
“Now, that Travelodge has a solid foundation under new committed ownership and is one of the UK’s most recognised brands, I feel comfortable that the Company is in a strong and secure position for me to move on. Exciting plans lie ahead for the business and for the new CEO, who will drive this next phase of development and growth.”
New CEO, New Opportunities
Hearn leaves behind a company perusing growth and change. Already this year, Travelodge is investing £223 million to help fuel growth and strengthen the Company’s brand offering.
£57 million is earmarked for refurbishing the Travelodge estate. Hearn has already set this programme in motion, with an average of 50 Travelodge rooms being refurbished every day.
By autumn 2014, over 80% of Travelodge rooms will have been refurbished in line with the Company’s new room design.
Grant Hearn’s Career
Hearn joined Travelodge in 2003 as CEO after previously working for Hilton UK & Ireland as Managing Director for three years. Hearn led the Company as Chief Executive Officer from 2003 until July 2010 when he was appointed to the position of Chairman.
He was then asked by the Travelodge Board to return as Chief Executive in April 2012 to oversee the Company’s financial restructuring programme.
Under Hearn’s leadership, the Travelodge brand has evolved from a roadside hotel operator into one of the UK’s most recognisable hotel brands.
“The Company’s portfolio has more than doubled in size and today Travelodge is a household name with an exceptional digital presence,” explained Travelodge chairman, Brian Wallace. “Grant leaves behind an extremely capable team, one which is already working on building the next exciting growth phase for Travelodge.”
“On a personal note, I have known Grant for over 12 years and I wish him every success for the future.”
- One Comment
Kip L. Cox
I was staying at a travel lodge in Bangor, Maine and paid 4 nights and overcharge 2 extra nights ( un-stayed)
and had disputed with the manager. He was very rude and denied a refund on the spot. This cost me an extra $30.oo
to the motel by taxi and in conveniences. Not to mention
the financial hardship caused a medical set back. I’m am a certified PCA (medical/staff) employee. I had to report this matter to my boss. This jepodized my patient health.
Tempoarely, my boss had to accomadate me on her expense.